DM-06 Quiz
Section 1 Quiz
Complete the Section 1 quiz before continuing to the next section.
What You Will Be Asked
This quiz covers the foundational concepts of market area: why it matters, how most agents approach pricing, and the three key assumptions about proximity and competition that can lead to weaker CMAs.
What To Review
Before taking the quiz, make sure you can explain:
- The difference between defining market area by location vs by competition
- Why the geographic approach (radius or town search) can miss the real competitive set
- How quality of pricing analysis depends on market area definition
- Why nearby properties are not automatically competitors
- How market area can span multiple towns or exist within a single town
You do not need to memorize anything. You need to understand the thinking. Take your time, review the lessons, and then take the quiz.
Good luck!